Cheapest Car Insurance in Maine (August 2024)

Vermont Mutual offers the cheapest minimum coverage car insurance in Maine. Concord Group, Travelers and Progressive are also affordable options for certain types of drivers.

To get the best combination of quality coverage and cost, consider MoneyGeek’s top-rated car insurance in Maine.

The following companies in Maine offer the cheapest auto insurance for minimum coverage:

• Vermont Mutual: $278 per year
• Travelers: $326 per year

Bristol West is the most expensive provider for minimum coverage at around $725 per year.

Minimum coverage policies in Maine include bodily injury liability, property damage liability, uninsured/underinsured motorist coverage and medical payments coverage.

A minimum coverage policy only covers damages or injuries you inflict on others. On the other hand, a full coverage policy comes with both comprehensive and collision coverage, which also covers damages to your vehicle.

On average, the most affordable car insurers for full coverage are:

• Vermont Mutual: $609 per year
• Travelers: $621 per year

Bristol West charges the highest price for a full coverage policy, at around $1,531 per year. With Vermont Mutual, upgrading from minimum coverage to a full coverage policy costs around $331 more.

Although a full coverage policy has a more expensive annual premium, you’ll pay less out-of-pocket expenses if you have an accident.

The car insurance coverage you need will affect your annual premium. MoneyGeek's sample full coverage policy includes $100,000 in liability protection for bodily injury per accident, $300,000 in bodily injury liability per person and $100,000 in property damage liability per accident.

Drivers might save money by lowering their liability limits and dropping comprehensive and collision insurance coverage. However, you may end up paying more out of pocket in the event of an accident.

Getting auto insurance quotes online is possible, but entering your personal information into each insurer’s website can take 15 minutes or more.

MoneyGeek’s car insurance calculator allows you to quickly obtain an estimate without providing personal or sensitive information. This can be a great starting point for finding the cheapest car insurance for your needs.

Concord Group offers the cheapest options for teens, while Travelers has the best rates for young adults and seniors.

Those adding a teenage driver to their policy may save money on car insurance by choosing one of the following companies:

• Concord Group: $1,056 per year for male teens and $988 per year for female teens
• Allstate: $1,268 per year for male teens and $1,190 per year for female teens

Since teens' car insurance rates diminish with age, 16-year-old drivers pay much higher premiums than 19-year-old drivers. For 19-year-old male drivers in Maine, Concord Group provides the cheapest car insurance premiums ($851 per year).

Bristol West is the most expensive option for families with teens, with family policies costing an average of $3,695 per year for male teens and $3,667 for female teens. Parents can save about $1,441 per year by adding their teens to their existing policy rather than purchasing them an individual policy.

Families with young drivers may qualify for car insurance discounts, such as good student and distant student discounts. Insurers commonly offer these discounts to offset the higher annual premium.

The two cheapest car insurance companies in Maine for drivers in their 20s are:

• Travelers: $692 per year
• Concord Group: $894 per year

Bristol West offers the most expensive full coverage policy at around $2,279 per year. On average, a 20-something driver in Maine pays $279 more than a middle-aged driver.

If you’re a senior driver in Maine, you’ll find the cheapest rates with the following insurers:

• Travelers: $546 per year
• Vermont Mutual: $577 per year

Bristol West is the most expensive option, with an average annual premium of $1,644 for a full coverage policy. Senior drivers pay approximately $15 less per year than middle-aged drivers, but car insurance rates can rise as drivers reach their 70s and 80s.

Senior drivers looking to cut costs on their car insurance may be able to get discounts with certain insurers by completing a driver’s education course or installing safety features in their car. It's also wise to compare rates from different insurers, as rates are based on more than just age.

Vermont Mutual offers the cheapest car insurance for those with a ticket or an at-fault accident on their record. If you have a DUI, you may find the best rate with Progressive. Travelers is the cheapest provider for sports car drivers and those with poor credit.

The following companies offer the cheapest full coverage car insurance in Maine for drivers with a ticket on their record:

• Vermont Mutual: $608 per year
• GEICO: $757 per year

Bristol West has the most expensive full coverage car insurance policy in Maine, with an average annual premium of $2,099.

A full coverage policy includes bodily injury liability, property damage liability and personal injury protection. These cover costs for vehicular damages, medical expenses and injury to other people in case of an accident. Note that coverage amounts vary by category.

If you have an at-fault accident on your record, the cheapest car insurance companies in Maine are:

• Vermont Mutual: $608 per year
• Travelers: $920 per year

Bristol West offers the most expensive full coverage policy at $2,240 per year. Drivers with an at-fault accident history may pay around $368 more for car insurance than those with a clean driving history.

If you have a DUI on your record, the following companies offer the cheapest car insurance in Maine:

• Progressive: $880 per year
• Travelers: $1,009 per year

Vermont Mutual has the most expensive policy for drivers with DUIs at an average of $2,151 per year. People with a history of DUI typically pay $559 more for car insurance than those with a clean record.

If you have a credit score below 580, the following companies offer the cheapest car insurance in Maine:

• Travelers: $971 per year
• Concord Group: $1,148 per year

At around $3,036 per year for a full coverage policy, State Farm is the most expensive car insurance provider in Maine. A driver with poor credit pays around $725 more than a driver with good credit.

Typically, drivers with poor credit are more likely to file claims. Insurers in Maine are allowed to consider your credit history when determining your insurance rate, but it’s illegal in some states.

Improving your credit score is a helpful long-term strategy for saving money on car insurance. In the meantime, you can save by comparing quotes from multiple insurers and checking for applicable discounts.

The least expensive car insurance companies for sports car drivers are:

• Travelers: $600 per year
• Concord Group: $733 per year

Bristol West offers the most expensive full coverage policy for those with sports cars, costing around $1,993 per year. On average, a sports car costs $170 more to insure than a standard Toyota Camry.

MoneyGeek used a Ford Mustang as its sample sports car, but car insurance costs vary greatly depending on your car model. Luxury, electric and sports cars tend to have higher annual premiums than other model types, but otherwise, your car model may not significantly impact your rate. However, this varies by state.

USAA offers the best car insurance rates for active duty or military veterans at around $523 per year. Since 1922, the insurer has provided quality insurance coverage and service to military members and their families.

Maine requires its residents to carry at least the minimum amount of car insurance, which includes bodily injury liability, property damage liability, uninsured/underinsured motorist coverage and medical payments coverage.

Maine requires its residents to carry at least the minimum amount of car insurance, which includes bodily injury liability, property damage liability, uninsured/underinsured motorist coverage and medical payments coverage.

Buying the minimum amount of insurance is a great way to trim your monthly expenses. However, MoneyGeek recommends not skimping too much on coverage to avoid paying high out-of-pocket costs if an accident does happen.

If you have repeated or severe driving violations on your record, you will need to purchase additional coverage in addition to the base policy to secure an SR-22 form.

MoneyGeek recommends purchasing 100/300/100 insurance. This includes $100,000 worth of bodily injury liability coverage per person, $300,000 worth of bodily injury liability insurance per accident and $100,000 worth of property damage coverage per accident.

If you take out a loan to buy a car, your lender may require that you purchase comprehensive and collision insurance. Comprehensive insurance covers non-accident-related damages, like hail damage or fire. Collision insurance pays for damages if your car is wrecked in an accident.

For peace of mind, drivers with expensive vehicles should consider adding both types of coverage to their policy.

There are no alternatives to car insurance in Maine. Even though drivers are required to have car insurance coverage, the state also mandates uninsured motorist coverage to safeguard against drivers without insurance.

Finding the best car insurance for you can be difficult. We answered some of the most commonly asked questions to make the process easier.